Fidelity Total Bond ETF $FBND Stock Position Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% in the third quarter, HoldingsChannel.com reports. The fund owned 2,047,605 shares of the company’s stock after purchasing an additional 62,023 shares during the period. Fidelity Total Bond ETF accounts for 1.9% of Valeo Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Valeo Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $83,473,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the 1st quarter worth approximately $25,000. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth $37,000. Manning & Napier Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth $53,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND traded up $0.14 during trading hours on Thursday, hitting $43.47. The stock had a trading volume of 3,258,456 shares, compared to its average volume of 3,124,322. The firm has a market capitalization of $28.02 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The stock has a fifty day moving average price of $44.46 and a 200 day moving average price of $45.15.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.